Greenwood Investments Lowers stake in Morgans Hotel Group Co. (MHGC)

Morgans Hotel Group Co. (MHGC) : Greenwood Investments reduced its stake in Morgans Hotel Group Co. by 94.16% during the most recent quarter end. The investment management company now holds a total of 38,298 shares of Morgans Hotel Group Co. which is valued at $87,319 after selling 617,886 shares in Morgans Hotel Group Co. , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Morgans Hotel Group Co. makes up approximately 0.16% of Greenwood Investments’s portfolio.

Other Hedge Funds, Including , Tfs Capital added MHGC to its portfolio by purchasing 70,873 company shares during the most recent quarter which is valued at $161,590. Morgans Hotel Group Co. makes up approx 0.03% of Tfs Capital’s portfolio.Tower Research Capital (trc) reduced its stake in MHGC by selling 7,494 shares or 47.5% in the most recent quarter. The Hedge Fund company now holds 8,283 shares of MHGC which is valued at $18,885.Gamco Investors Et Al boosted its stake in MHGC in the latest quarter, The investment management firm added 5,500 additional shares and now holds a total of 322,400 shares of Morgans Hotel Group Co. which is valued at $818,896. Morgans Hotel Group Co. makes up approx 0.01% of Gamco Investors Et Al’s portfolio. California State Teachers Retirement System sold out all of its stake in MHGC during the most recent quarter. The investment firm sold 58,015 shares of MHGC which is valued $150,839. Simplex Trading sold out all of its stake in MHGC during the most recent quarter. The investment firm sold 1,776 shares of MHGC which is valued $3,978.

Morgans Hotel Group Co. (MHGC) witnessed a volatile trading activity on Tuesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $2.26 and reached the intraday high at $2.27. The bulls started the profit booking and pushed the shares to intraday low of $2.26. The trading session was marked by a volume range of 11,547 shares exchanging hands. The 52-week high of the shares is $4.74 and the 52-week low is $0.79. The market cap of the company stands at $79 M and there are 3,48,74,923 shares in public circulation.

Morgans Hotel Group Co. is a lifestyle hospitality company. The Company operates owns acquires develops and redevelops boutique hotels primarily in gateway cities and select resort markets in the United States Europe and other international locations. The Company’s portfolio includes three owned hotels consisting of Hudson in New York Delano South Beach in Miami Beach and Clift in San Francisco comprising approximately 1450 rooms and the food and beverage operations located at these hotels (collectively the Company’s Owned Hotels); Company’s owned food and beverage operations; Company’s two joint venture hotels and Company’s licensed hotel. The Company conducts its operations through Morgans Group LLC. The Company has around 90% controlling interest in TLG Acquisition LLC which operates numerous food and beverage and nightclub venues primarily in Las Vegas. It also has investments in certain hotels under development and other proposed properties.

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